Ibrox Stadium

Next Game

Rangers v St Mirren

Friday, 07 August 2015, 19:45

Scots Champ

Ibrox Stadium

Last Game

Rangers 3 - 0 Peterhead

Sunday, 02 August 2015, 15:00

Scot League Cup First Round

Fans group gets behind King

A coalition of Rangers fan groups says it will press ahead with Dave King's plan to drip-feed season-ticket cash to the club as the battle for power at Ibrox intensifies.

Last Updated: 14/03/14 at 20:19 Post Comment

Rangers fans group falls in behind former Ibrox investor Dave King

Rangers fans group falls in behind former Ibrox investor Dave King

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

South Africa-based businessman King has flown to Glasgow for talks with fan groups and investors and the former director also had a meeting with club chairman David Somers on Friday.

A supporters' collective, the Union of Fans, have set up the trust fund first suggested by King last month to collect season-ticket money from the Light Blue faithful.

It says it will only pass on the cash to the current board once it has given supporters assurances about the club's finances. The fans claim that the club could be cast into 'the wilderness' without King's support.

The move comes after Rangers posted a £14.4m loss last year and were then forced to enter into a £1.5m loan arrangement with investors Sandy Easdale and Laxey Partners.

The agreement hands Easdale and Laxey security over the Albion car park and Edmiston House facilities near Ibrox, and Laxey a guaranteed £150,000 profit on the deal; the club say they are now examining a counter-offer from shareholder George Letham.

The fans' statement read: "We believe that if the board is happy to hand over security for the Albion car park and Edmiston House, in return for a high interest loan, then they should be happy to secure Ibrox and Auchenhowie (training ground) for the supporters.

"The board has already publicly stated that it has no plans to use these assets to raise finance and we therefore see no reason why it would not comply with this request."

The statement continues: "It is clear from Friday's meeting that Dave King shares the concerns of supporters with regard to the desperate need for investment in the club.

"He has indicated that he is willing to provide that investment by taking a lead role in a fan-based initiative and we are fully supportive of the terms on which he wishes to do so.

"We have arranged to meet again early next week to move the plans forward once he has completed a series of further meetings over the weekend. We would hope to then be in a position to release specific details.

"We are extremely happy with what we see as a clear path forward to return Rangers to health and put the club on a secure footing, where it can challenge for the league and in Europe in the years to come.

"Without the investment being offered by Dave King and others, and with the current board planning to slash costs across the club, which could even delay our return to the top league, we fear that Rangers could be left in the wilderness for years to come."

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

G

ood lord that's got me unnecessarily excited. Damn you Storey. Cut to Liverpool being crushed under the wheels of Sparky's Stoke Machine and Firmino brought off the bench to no effect. It's the hope that kills you.

suarez_blind
Roberto Firmino: Steel To Complement The Silk

N

o Schweini? Have to admit that I did a little sex wee when we signed him and I can't wait to see him in action!!!

spence
F365's Top Ten Players We Can't Wait To Watch

I

think he'll do quite well. My only reservation would be Kagawa, who had similar stats to Firmino in the bundesliga before he came, but time will tell.

GVMUFC
Roberto Firmino: Steel To Complement The Silk

Footer 365

United plummet below City in rankings

Manchester United have fallen four places behind Manchester City and dropped to 20th overall in UEFA's club coefficient rankings.

Gareth Bale says he's happy at Real Madrid

Wales star Gareth Bale insists he's settled with Real Madrid and wants to play in a central attacking role for them.

Sky Sports awarded La Liga for another three seasons

Sky Sports will remain the home of La Liga for another three seasons thanks to a new broadcast agreement announced today.

Mail Box

Chelsea Are Stronger Than Last Season

One Chelsea fan points out that they won the league last year and have improved, so... Plus thoughts on United worries, pre-season predictions, Valdes and Chuba...

Louis Van Gaal Only Wants Football Robots

Louis van Gaal only wants players who are human robots, apparently. It's a great Mailbox, with thoughts on Chelsea, Audi Cup, Fabregas, Lingard and Joe Gomez...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company